Which of the following is/are a basic characteristic of an entrepreneur? (Select multiple options if necessary)

• Innovative

• Risk Taker

• Bossy

• laid back attitute

Which one is NOT a disadvantage of Entrepreneurship?

• Risky

• Uncertain Income

• You are the Boss of your own organisation

• Long work hours

What type of entrepreneurial business actually produce the products they sell?

• Manufacturing

• Retailing

• Whole-selling

• Service

Which of the following is NOT a step in PRODUCT DEVELOPMENT CYCLE?

• Idea Screening

• Market Entry/ Commercialization

• Concept Testing and development

• Product Enhancement

..................................... is one who prefers to follows the traditional methods of production and approach to the market.

• Imitative Entrepreneur

• Innovative Entrepreneur

• Fabian Entrepreneur

• Drone Entrepreneur

Which of the following is NOT a method of new idea generation?

• Brainstorming

• Focus Group

• Telecasting

• Business Inventory Analysis

............................is a formal statement of a set of business goals the reasons why they are believed attainable, and the plan for reaching those goals.

.............................is the backbone when deciding whether or not to proceed with a plan, to tell if there is a business worth pursuing.

• Feasibility analysis

• quality assessment

• Raw material acquisition strategy

• Exit plan

An entrepreneur can acquire business finances from:

(Select multiple options if necessary)

• Relatives

• Banks and Financial Institutions

• Public offerings

• IPO

The case when one company takes over another and establishes itself as the new owner of the business, is called

• Merger

• Joint venture

• Acquisition

• Franchising